Chinese Scientists Say Quantum Computers Could Play Many Roles in Improving The Drug Discovery Pipeline
Insider Brief A team of Chinese researchers report that quantum computers may one day serve as the backbone of a drug pipeline that that could potentially revolutionizing drug design, which could transform the pharmaceutical industry. According to the South China Morning Post (SCMP), the researchers explored a drug pipeline — a systematic process or sequence […]
Google Quantum AI Founder Wants to Tap The Multiverse For Computational Power
In his recent TED talk, Hartmut Neven, founder of Google Quantum AI, dived into the world of quantum computing, revealing how this exciting technology transcends traditional computing. “Today’s computers, like your laptop or a server at a Google data center, operate on the binary logic of zeros and ones,” Neven began, contrasting this with the […]
Bloomberg News: Honeywell Considering Quantinuum IPO, Sets $10 Billion Valuation
Insider Brief Honeywell International Inc. is contemplating an initial public offering (IPO) for its majority-owned quantum computing subsidiary, Quantinuum, potentially as early as next year, Bloomberg News is reporting. The firm has reportedly initiated discussions with several investment banks regarding a potential listing in the United States and may pursue a valuation around $10 billion, […]
Quantum Error Mitigation May Face Hard Limits
Insider Brief Quantum error mitigation is a promising technique to reduce noise in quantum computing without the significant resource demands of fault-tolerant schemes, but a team of researchers say the technique faces fundamental constraints. The researchers recently published a study in Nature that offers a glimpse into these limitations, ones that pose challenges for how […]
Over £100 Million Boost to Quantum Hubs to Develop Quantum Tech That Will ‘Impact People’s Lives’
Insider Brief PRESS RELEASE — Faster medical scanners, secure communication networks, and next-generation navigation systems are set to be realised through quantum technology, thanks to £100 million in government funding for five new research hubs. Announced by the Science Secretary Peter Kyle today (Friday 26 July), the hubs will bring researchers and businesses together to […]
PsiQuantum Announces it Will Anchor Governor J.B. Pritzker’s Illinois Quantum And Microelectronics Park in Chicago
Insider Brief PRESS RELEASE — PsiQuantum today announced a far-reaching partnership with the State of Illinois, Cook County, and the City of Chicago to build the first US-based utility-scale, fault-tolerant quantum computer at the former US Steel South Works property in the City of Chicago. Under this agreement PsiQuantum will anchor the newly established Illinois […]
Kipu Quantum’s Algorithms Used For BASF Logistics Optimization
Insider Brief PRESS RELEASE — Kipu Quantum, a German quantum software company specializing in application- and hardware-specific quantum solutions, explores the potential of its novel quantum algorithms for BASF’s logistics optimization. Utilizing a novel digital compression method, Kipu accelerates the search for optimal solutions by harnessing quantum dynamics and encoding them into digital quantum computers. […]
Entrepreneurs Leverage Partnership With SC Quantum, Exploration of Quantum Computing to Build Hedge Fund in South Carolina
Insider Brief While many graduating finance students immediately packed up and headed to the trading desks of Wall Street and the derivatives market in Chicago, Jordan Fowler and Carter Burns are staying right in South Carolina. The two hedge fund startup founders believe that the approaching promise of quantum computing and the nurturing entrepreneurial ecosystem […]
QPerfect Introduces MIMIQ 1.0, a Virtual Quantum Computer
Insider Brief PRESS RELEASE — QPerfect, a quantum computing spin-off from the European Center for Quantum Sciences in Strasbourg is announcing the release of MIMIQ 1.0 a powerful platform for executing quantum algorithms with speed, accuracy and flexibility exceeding any other quantum simulator as well as current and next-generation quantum computers. It was officially presented […]
Office of Strategic Capital Seeks Public Input on New Loan Program to Support Critical Technologies and Supply Chains
Insider Brief PRESS RELEASE — The Office of Strategic Capital (OSC) announced the release of a Federal Register Notice and accompanying Request for Information (RFI) open for public comment. OSC seeks public input as it prepares to issue loans and loan guarantees for critical technology and supply chain components in support of the office’s mission […]